WORLD


IANS 14 February 2024
Inflation in the US, which cooled in January, rose again exceeding Wall Street’s expectations, signalling that the Federal Reserve might hold back its reported move to cut interest rates.   The Fed halted the rate hike after a 52-week long fight to rein in the price pressures on the...

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IANS 08 February 2024
America’s publicly traded companies are flashing a key sign of economic uncertainty -- they’ve been hoarding cash, a media report said.   Americans have spent down their pandemic-era savings and then some. Credit card and auto loan delinquencies have not only surpassed pre-pandemic...

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IANS 07 February 2024
US banks hold about $2.7 trillion in commercial real-estate loans.   The majority of that, about 80 per cent, according to Goldman Sachs economists, is held by smaller, regional banks -- the ones that the US government hasn’t classified as “too big to fail”, CNN...

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IANS 06 February 2024
King Charles has been diagnosed with a form of cancer and has begun a course of treatment, Buckingham Palace announced on Monday   "During The King's recent hospital procedure for benign prostate enlargement, a separate issue of concern was noted. Subsequent diagnostic tests have...

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IANS 30 November 2023
Forbes has published its '30 Under 30' list of young entrepreneurs and changemakers who are making a difference in the world for the past 13 years, and an "astonishing number" of these people went on to become cultural tastemakers, tech titans, and even billionaires.   However, some...

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IANS 13 November 2023
Ports in several Australian cities have been shut down due to a massive cyber attack, triggering concerns about shortages of key supplies amid the festive season for several days ahead.   A “serious and ongoing” cybersecurity incident hit port operator DP World Australia, which...

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Robert Faturechi  and   Ellis Simani (ProPublica) 13 November 2023
This story was originally published by ProPublica.   It was the kind of endorsement most companies dream of. Berkshire Hathaway CEO Warren Buffett, the legendary investor known as the Oracle of Omaha, repeatedly sang the praises of Wells Fargo in an interview with Fortune. The bank,...

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IANS 23 October 2023
American oil giant Chevron Corporation announced on Monday that it has entered into a definitive agreement with Hess Corporation to acquire all of the outstanding shares of Hess in an all-stock transaction valued at $53 billion.   Under the terms of the agreement, Hess shareholders...

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IANS 19 October 2023
A US Congressional panel has announced a bipartisan scrutiny into top investment firm Sequoia Capital’s investments in China.   The Select Committee on the Chinese Communist Party (CCP), led by Mike Gallagher (R-WI) which also has Indian-American Congressman Raja Krishnamoorthi as a...

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Andy Kroll, Andrea Bernstein  and   Ilya Marritz (ProPublica) 12 October 2023
The party guests who arrived on the evening of 23 June 2022, at the Tudor-style mansion on the coast of Maine were a special group in a special place enjoying a special time. The attendees included some two dozen federal and state judges — a gathering that required U.S. marshals with...

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Cezary Podkul (ProPublica) 06 October 2023
This story was originally published by ProPublica.   A growing number of casinos in Cambodia, Laos and Myanmar are engaging in large-scale money laundering, facilitating cyberfraud that is costing victims in America and abroad billions of dollars, according to new research by the...

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Heather Vogell (ProPublica) 03 October 2023
This story was originally published by ProPublica.   After months in which indictments in four successive criminal cases against Donald Trump raised the stunning, if distant, prospect that a former U.S. president could be put behind bars, it was the seemingly less momentous civil case...

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IANS 21 September 2023
India has suspended visa services for Canadians "till further notice" amid a massive international row over Canadian Prime Minister Justin Trudeau's claim that his government has intelligence linking New Delhi in the killing of Khalistani terrorist Hardeep Singh Nijjar.   A notice by...

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Lisa Song (ProPublica) 20 September 2023
This story was originally published by ProPublica.   The plastic crisis has grown exponentially. Despite marketing claims, less than 10% of the plastic waste from recent decades has been recycled. The rest gets incinerated, is buried in landfills or piles up as litter on land and in...

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Joaquin Sapien (ProPublica) 08 September 2023
This story was originally published by ProPublica.   In July 2016, warships from more than two dozen nations gathered off the coasts of Hawaii and Southern California to join the United States in the world’s largest naval exercise. The United Kingdom, Canada, Australia, Japan, South...

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I keep hearing: ‘Pakistan adopted the wrong path. Look at India.’   Pakistanis say it sadly, Indians say it gloatingly.   May I respectfully submit—both are wrong.   Pakistan is 100% on the right path, which it has successfully pursued for over 50 years.    No,...

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Connectivity => trade => wealth => power.   Ancient India had adopted this ‘formula’ with great success. Ships carried valuable produce both eastward to south-east Asia and westward to Egypt, the gateway to the Roman empire. A senator of ancient Rome had lamented that buying spices,...

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Brett Murphy  and   Alex Mierjeski (ProPublica) 11 August 2023
This story was originally published by ProPublica.   During his three decades on the Supreme Court, Clarence Thomas has enjoyed steady access to a lifestyle most Americans can only imagine. A cadre of industry titans and ultrawealthy executives have treated him to far-flung vacations...

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Moneylife Digital Team 07 August 2023
The New York Times has unravelled a financial network that stretches from Chicago to Shanghai and uses American nonprofits to push Chinese talking points worldwide.    An investigation by NYT reveals a charismatic American millionaire, Neville Roy Singham, known as a socialist...

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Moneylife Digital Team 02 August 2023
Fitch Ratings has downgraded the US' long-term foreign-currency issuer default rating (IDR) to 'AA+' from 'AAA'. It also removed the rating watch negative and assigned a stable outlook to the country while affirming the country ceiling at 'AAA'. According to Fitch projections, tighter credit...

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